Direct sourcing is a method that many companies big and small are using to enhance the hiring process within their companies. To date, 60% of large companies are already using or are planning to implement a direct sourcing program. Direct sourcing optimizes the talent acquisition process through the creation of a private talent community that can cater to a company’s specific needs. This takes the importance off of relying on inbound applications, and better ensures that new hires are prepared and qualified to take on available roles.
Direct Sourcing Benefits
Whether this talent pool is made from interns, referrals, general applicants, alumni, or even retirees, direct sourcing helps to make sure that these people are ready to deploy and are eager to start making a difference. In fact, the secret to effective direct sourcing lies in the cultivation of talent pools that fit this very description. It is also important to continuously curate talent to make sure that the pool remains relevant to the company’s specific wants and needs.
In order to find these talent pools, hiring managers can work through a number of different avenues. Newsletters, job alerts, events, social media, and professional networking sites are just a few of the outlets that foster this type of relationship with potential new hires. Through these techniques, the power of direct sourcing has been uncovered. This method goes far beyond simple convenience, and can be considered a solid solution to the hiring woes that have long plagued many industries.
In Conclusion
In the wake of recent talent shortages and trillions of unrealized revenue, direct sourcing saves businesses money and helps to cut back on growing employment expenses. New hire pay is currently about 9% higher than the normal, meaning that cost-effective recruitment is at the forefront of many current hiring efforts. With these benefits in mind, it is no wonder that these programs are here to stay.
Source: Atrium Global
